Chesed Foundation of America is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $250.0M in total assets. In 2025, it awarded 2 grants totaling $18.2M. Net investment income was $12.4M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$250.0M
-2.3% YoY
Annual Giving
$18.2M
+379.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$9.1M
+139.5% YoY
Under IRS private-foundation payout rules, Chesed Foundation of America reported a distributable amount of $11.5M for 2025 — the minimum it must pay out in qualifying distributions.
About Chesed Foundation of America
Based on IRS filings
Chesed Foundation of America is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $250.0M in total assets. In 2025, it awarded 2 grants totaling $18.2M. Net investment income was $12.4M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $250,011,774 | $255,841,142 | $252,850,136 |
| Revenue | $12,483,617 | $8,058,187 | $8,652,812 |
| Expenses | $18,202,985 | $3,818,364 | $18,066,270 |
| Qualifying Distributions | $18,161,288 | $3,791,844 | $18,039,770 |
| Net Investment Income | $12,441,920 | $8,807,908 | $8,654,628 |
| Distributable Amount | $11,517,847 | $11,238,324 | $10,462,586 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Congregation Chemdas Yisroel Inc ($13,500,000), See Attached Schedule ($4,661,288).
| Recipient | Purpose | Amount |
|---|---|---|
| SEE ATTACHED SCHEDULE NEW YORK, NY | AMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | $4,661,288 |
| CONGREGATION CHEMDAS YISROEL INC BROOKLYN, NY | AMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | $13,500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GEORGE KARFUNKEL | President | — | — |
| RENE KARFUNKEL | Vice President | — | — |
| BERNARD KARFUNKEL | Trustee | — | — |
| HENRY REINHOLD | Vice President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Chesed Foundation of America?
Chesed Foundation of America is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $250.0M in total assets as of 2025.
How large is Chesed Foundation of America?
As of 2025, Chesed Foundation of America holds $250.0M in total assets with $12.5M in annual revenue. It awarded 2 grants totaling $18.2M in 2025.
Where does Chesed Foundation of America operate?
Chesed Foundation of America has awarded grants in New York.
What size grants does Chesed Foundation of America award?
In 2025, Chesed Foundation of America awarded 2 grants totaling $18.2M — an average of about $9.1M per grant, based on its IRS Form 990 filings.
How much is Chesed Foundation of America required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Chesed Foundation of America reported a distributable amount of $11.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Chesed Foundation of America's EIN?
Chesed Foundation of America's EIN (Employer Identification Number) is 13-3922068. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in Chesed Foundation of America's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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